Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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 A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com 

College Rentals Multi Family Properties Newer Townhouses Upscale Townhouses Slightly Older Townhouses Foreclosures
REHERD ACRES
Northfield Estates  •  Parkcrest  •  Reherd Acres  •  Stonewall Heights
reherd acres
Sales Per Year....
2024 1  (ytd)
2023 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  8
2022 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  7
2021 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  11
2020 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  7
2019 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  6
2018 Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  Townhouse Sale  12
 
Median Sales Price....
2024 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $254,000
2023 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $222,500
2022 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $233,500
2021 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $187,500
2020 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $169,900
2019 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $163,750
2018 Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices Townhouse Prices $159,450


Sample Reherd Acres Investment Analysis....
Property Details
Purchase Price $254,000 based on median sales price
 
Income (Annual)
Monthly Rental Rate $1,050 estimate based on currently available rental data   
Projected Vacancy 4% half a month per year
Gross Operating Income    $12,096     
 
Expense (Annual)
Real Estate Taxes $2,286 estimate based on median sales price
Repairs $525 estimate based on typical property condition
Association Dues $240 estimated to be $20 per month
Property Management $0 assuming self management
Insurance $914 estimate based on recent trends
Utilities $0 assumes tenant pays all utilities
Advertising $100 estimate
Total Operating Expenses    $4,065  
 
Cash Flow Before Tax
Gross Operating Income $12,096  
 - Operating Expenses  - $4,065  
Net Operating Income $8,031     
 - Annual Debt Service  - $17,268 financing 80% of the purchase price at 7.75%
Cash Flow Before Taxes    $-9,237     
Sales in the Past 36 Months....
Feb 29, 2024 1036 Meadowlark Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,952 SF $254,000
Dec 15, 2023 1363 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,408 SF $261,000
Oct 31, 2023 1068 Meadowlark Dr, Harrisonburg, VA 22801 2 BR 1.5 BA 1,408 SF $207,500
Jul 3, 2023 1308 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2 BA 1,289 SF $246,000
Jun 30, 2023 907 Meadowlark Dr, Harrisonburg, VA 22801 2 BR 1.5 BA 1,920 SF $235,000
Apr 24, 2023 1298 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,440 SF $235,000
Mar 8, 2023 1041 Oriole Ln, Harrisonburg, VA 22801 3 BR 2.5 BA 1,440 SF $200,000
Feb 17, 2023 815 Meadowlark Dr, Harrisonburg, VA 22801 2 BR 0 BA 1,152 SF $201,000
Feb 17, 2023 1214 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,464 SF $210,000
Oct 31, 2022 1118 Bluebird Ct, Harrisonburg, VA 22801 3 BR 2 BA 1,568 SF $250,000
Oct 27, 2022 1039 Meadowlark Dr, Harrisonburg, VA 22801 3 BR 1.5 BA 1,896 SF $233,500
Sep 13, 2022 1083 Meadowlark Dr, Harrisonburg, VA 22801 2 BR 1.5 BA 1,500 SF $226,900
Aug 29, 2022 1063 Meadowlark Dr, Harrisonburg, VA 22801 3 BR 1.5 BA 1,908 SF $233,000
Jul 1, 2022 1330 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,408 SF $237,000
Jun 2, 2022 927 Meadowlark Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,760 SF $250,000
Apr 28, 2022 935 Meadowlark Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,908 SF $185,000
Oct 12, 2021 1060 Meadowlark Dr, Harrisonburg, VA 22801 2 BR 1.5 BA 1,408 SF $163,000
Oct 8, 2021 1233 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,560 SF $229,500
Sep 8, 2021 1056 Meadowlark Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 2,091 SF $226,000
Aug 30, 2021 1312 Goldfinch Dr, Harrisonburg, VA 22801 2 BR 2 BA 1,116 SF $225,000
Aug 20, 2021 814 Meadowlark Dr, Harrisonburg, VA 22801 2 BR 1.5 BA 1,320 SF $152,000
Aug 18, 2021 1289 Goldfinch Dr, Harrisonburg, VA 22801 3 BR 2.5 BA 1,624 SF $240,000
Aug 16, 2021 1246 Goldfinch Dr, Harrisonburg, VA 22801 2 BR 1 BA 1,026 SF $162,500
Current Listings....
There are no properties on the market right now!
Neighborhood Map....
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Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.